Terradyne Wellness Centre Ltd.

Terradyne Wellness Centre Ltd. became bankrupt on June 12, 2024 at 16:24 under section 49 of the Bankruptcy and Insolvency Act in Nova Scotia, with BDO Canada Limited acting as Licensed Insolvency Trustee under file no. 45818. The Statement of Affairs, prepared from the company's internal records and not audited, reviewed or otherwise verified by the trustee, puts assets at $56,378 on an estimated net realization basis against a net book value of $75,472, and liabilities at $1,116,107, leaving a stated deficiency of $(1,059,730). Deferred claims of $1,072,472 make up the bulk of the liabilities and include Magnadyne Ltd., the landlord and a related party owned by director Paul Wrathall. The Bank of Nova Scotia is owed approximately $19,000, secured on a 2021 Buick Enclave, with unsecured claims reported at $24,542. The trustee has not completed adjudication of the proofs of claim received.